KATHMANDU, Nov 22: Twenty six commercial banks of Nepal collected deposits of Rs 16 billion in one month between mid-October and mid-November, giving some respite to the Nepali banking sector, which has been struggling to maintain their liquidity position.
The records with Nepal Bankers’ Association show that the commercial banks had deposits collection of Rs 4.547 trillion as of mid-October, which increased to Rs 4.563 trillion by mid-November. Bankers have attributed the rise in deposits collection to an increased financial flow due to the impact of the general elections that concluded on Sunday.
Likewise, they provided additional loans of Rs 2 billion during the review period. The banks’ loan portfolio has now reached Rs 4.222 trillion.